Federal Reserve hikes interest rates for 10th time, signals pause
06 May 2023 | 5:05 am
The US Federal Reserve has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. But the central bank has signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking sector.
In this article
21 Sep 2019
President Donald Trump urged the Federal Reserve to "get our interest rates down to ZERO or less" in a Wednesday morning tweet. Bloomberg's Marty Schenker reports on "Bloomberg Daybreak: Americas."
President Muhammadu Buhari unveils 60th Independence logo, Gold prices surge higher, traders focus on U.S. Federal Reserve and more
16 Sep 2020
Here are a few reasons to pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on Thursday.
23 Sep 2021
The US Federal Reserve has opened the door to an interest rate hike and tapering of its emergency monetary stimulus. The central bank has warned, though, that the rising number of Covid-19 cases could impact economic growth. Christian Lawrence, Senior Markets Strategist at Rabobank New York, explains the impact on American households. Also on the show: Netflix seeks the golden ticket as it acquires the rights to late British author Roald Dahl's creations.
16 Dec 2021
The Federal Reserve is paving the way for possible interest rate hikes next year, in an effort to contain stubbornly high inflation. At the conclusion of a two-day policy meeting Wednesday, the central bank announced plans to phase out its large-scale bond-buying program faster than initially planned. The Fed started purchasing bonds during the pandemic as a way to keep borrowing costs across the economy low and to prevent any market disruptions.
26 Dec 2021
Energy prices are hitting record highs, which is impacting consumer goods. Inflation is on the rise, so the ECB is looking to cool things off with lower key interest rates.
13 Jan 2022
Inflation in the United States has jumped to 7%, the highest increase in nearly four decades. The Federal Reserve has already begun removing pandemic-related stimulus.
27 Jan 2022
The US Federal Reserve is setting the stage to raise interest rates in March, to combat elevated inflation. It's also taking further steps to phase out its emergency support of the US economy. Nancy Vanden Houten, Lead US Economist at Oxford Economics, says America's central bank has limited tools to fight the surge in prices. Also in the show - workers at France's EDF go on strike, over government efforts to limit electricity bills.
21 Mar 2022
The United States Federal Reserve has raised interest rates for the first time since 2018, as it tries to cool inflation, which is running at the highest level in 40 years. The Chair of the central bank, Jerome Powell, said the implications of the Russian invasion were "highly uncertain", pointing to the risk of disruption to supply chains. Also today, we look at details of the French government's plan to ease the economic impact of the war in Ukraine.
9 May 2022
The Fed raises interest rates by the most in over 20 years The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.
5 May 2022
The central bank has announced a 0.5% interest rate hike — its highest increase in more than 20 years. The US move comes as a number of other countries cut lending rates to deal with rising prices.
9 May 2022
It is the fourth month in a row the central bank's Monetary Policy Committee has voted for a rise. Policymakers are currently trying to stem inflation amid high energy prices sparked partly by Russia's war in Ukraine.
8 May 2022
After a sell-off on Wall Street, global investors are grappling with price increases and rising borrowing costs. Inflation is particularly brutal in Turkey, and the Greek government unveils a program to protect households from soaring energy prices.
1 day ago
FA Cup Final: Man City vs Man United preview | The Nutmeg
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Saturday.
1 day ago
South Africa's economy is at risk of going off the grid as recurring power cuts wreak havoc on the country's businesses and households. Alongside this energy crisis, the nation's central bank is sounding the alarm over potential threats to financial stability. These concerns stem from capital outflows and the possibility of sanctions due to South Africa's stance on Russia's invasion of Ukraine.
1 day ago
Authorities advised nearly 1.3 million people across Japan to evacuate after Tropical Storm Mawar lashed Okinawa causing in injuries to eight people.
1 day ago
Russia and China have raised the possibility of BRICS accepting new members. Meanwhile, Russian President Vladimir Putin's attendance at an August summit remains unclear.